The government of the Netherlands announced a new aid pledge of 700 million euros (equivalent to approximately 812 million US dollars) to support Ukraine over the next year. The funding was detailed in a joint letter sent to the House of Representatives and the Senate, signed by the Dutch Ministers of Finance, Defense, and Foreign Affairs, as reported by the Argentine News Agency.
Breakdown of the funds The additional 700 million euros will be divided between the security and international affairs portfolios: 500 million euros: Will be allocated from the Ministry of Defense's budget. 200 million euros: Will be destined from the Foreign Affairs budget.
Since the start of the conflict between Russia and Ukraine in February 2022, the Netherlands has committed significant support to the Eastern European country, totaling approximately 13.5 billion euros in military aid and around 3.5 billion euros in non-military support.
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Financial challenges and reconstruction priorities Despite the new pledge, the Dutch ministers warned that releasing additional funds in next year's budget presents a challenge, noting that "the financial reality is that we will reach our limits next year".
The cabinet also emphasized the importance of mobilizing international financing for Ukraine's reconstruction in the short term. In this regard, they expressed a preference for reconstruction loans to be based on the use of immobilized assets of the Russian central bank, seeking appropriate financial conditions.
